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by ant6n 1715 days ago
I wonder hot financing works for a project like this.

How can one push up the valuation of the company if it´s just doing R/D for years? Aren´t all the original investors and the founder diluted to nothing after two round of funding? Or did the founder start with a couple of million of his own money, meaning he still owned 100% after the first investment rounds? Also, how would this work with YC - don´t they take like 8% for a relatively small amount of funding?